WP&L customers to pay lower electric rates

MADISON, Wis. (AP) – Customers of Wisconsin Power & Light will pay lower rates for electricity in 2013. The Wisconsin Public Service Commission gave preliminary approval Wednesday to a 2.9 percent reduction in retail electric rates. For the Madison-based utility, it will mean dropping rates by $29 million in 2013. The Wisconsin State Journal (http://bit.ly/P3bpM1) reports WP&L’s electric rates are being lowered because it is costing the company less to produce power. WP&L had requested a 2.5 percent electric rate cut earlier this year, but revised its proposal this month when forecasts said fuel costs will keep going down. The company serves about one-third of southern and central Wisconsin, mainly outside Madison.

This entry was posted by WRJC News on October 25, 2012 at 8:18 am, and is filled under State News. Follow any responses to this post through RSS 2.0. Responses are currently closed, but you can trackback from your own site.